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the urces, hardest talk >>> >>> the second debate between president obama and governor mitt romney this past tuesday ur drew a tv audience of 65.6 million viewers. the debate was at hofstra university on long island in new york, town hall style. testy, tense and quite rivetting throughout. here's the president, pressing governor romney on romney's tax plan and d how he'll do what he claims he will do. >> if somebody came to you, governor, with a plan that said, here, i want to spend $7 or $8 trillion and we're going to pay for it, but we can't tell you until maybe after the election how we're going to do it, you wouldn't have taken such a sketchy deal. and neither should you, the american people, because the math doesn't add up. sh >> we're talking . about math - when we're talking about math that doesn't add up, how about $4 trillion of deficits over the last five years, or $5 trillion, that's math that doesn't add up. ma we have a president talking about someone's plan in a way that's completely foreign to what my real plan is. and then we have his own record which is we have fou
hardest talk. >>> governor romney's proposal that he's been promoting for 18 months calls for a $5 trillion tax cut on top of 2 trillion for our military. and essaying that he is going to pay for it by closing loopholes and deductions. the problem is that he has been asked over 100 times how you would close those deductions and loopholes, and he hasn't been able to identify them. >> i'm not look for a $5 trillion a tax cut. what i have said is i won't put in place a tax cut that adds to the deficit. middle-income americans have seen their income come down by $4,300. this is a tax in and of itself. i'll call it the economy tax. it's been crushing. >> question. why did president obama seem thrown off balance? did he underestimate governor romney, pat buchanan? >> he certainly d. governor romney performed better on substance than any candidate in any presidential debate in history. reagan would have beaten him in style in 1980 but on substance i've never seen anybody better prepared than governor romney. he was on of fence. the real question, why did barack obama, the president, do s
romney doesn't have an ideological bone in his body, as far as i can tell. >> and destiny. >> what unites both of these characters is this sense that there was a place that they were going, a destiny that they had. >> tonight ofrontline, "the choice 2012." >> frontlinis made possible by contributions to your pbs station from viewers like you. thank you. and by the corporation for public broadcasting. major funding is provided by the john d. and catherine t. macarthur foundation, committed to building a more just, verdant and peaceful world. additional funding is provided by the park foundation, dedicated to heightening public awareness of ctical issues. and by the frontline journalism fund.is >> in massachusetts, in a political fight that ted kennedy probably never imagined... >> kennedy's seventh campaign has become a desperate struggle for survival... >> this year he in his toughest race ever against a political newcomer... >> it's youth versus age, the senate's leading liberal against a wildly successful venture capitalist. >> we get a call from the boston police. and they s
east has grown under president obama's leadership. that was the charge mitt romney leveled today in a speech at the virginia military institute. good evening. i'm jeffrey brown. >> woodruff: and i'm judy woodruff. on the newshour tonight, we assess the differences between the two candidates on foreign policy. >> brown: then, we update the spread of the deadly meningitis outbreak, infecting more than a hundred people in nine states. >> woodruff: ray suarez examines the stem cell discovery that earned two scientists the nobel prize in medicine. >> brown: margaret warner updates the state of the presidential race with stuart rothenberg, susan page, and andrew kohut. >> woodruff: and we talk to author salman rushdie about his memoir on life on the run after being sentenced to death by iran's religious leader. >> if you had said to me, here's what's going to happen in the next 12 years, what sort of shape do you think you'll be in at the end? i would probably not have bet on myself to be in good shape, no. yet i somehow did survive it. >> brown: that's all ahead on tonight's newshour.
that romney's debate performance raised serious questions about his economic pn. >> president obama: so let's recap what we learned last night. the tax plan, his jobs plan doesn't create job. his deficit reduction plan adds to the deficit. so i know everybodyere has heard of the new deal, you've heard of the fair deal, you've heard of the square deal. mitt romney is trying to sell you a sketchy deal. we are not buying it d >> romney headed to another battleground state, virginia, when he said the president failed to explain why he deserves a second term. >> don't you think it is time for him to finally put together a vision of what he would do in the next four years if he were elected? he has to come up with that over this weekend, because there is only one debate left on monday. i think it is pretty clear when it comes to his policies, his answers and his agenda, he is pretty much running on fumes. and the american people want some real answers and a real agenda. and that's why paul ryan and i are going to become the next president and vice president of the united states. >> both candidate
center stape tonight inal face-off and between president obama and mitt romney.in good evening. i'm gwen ifill. >> woodruff: and i'm judy woodruff. on the newshour tonight, we get some pre-debate analysis from mark ields and david brooks. >> ifill: tonight's match-up takes place in florida. we travel there to assess the state of the race.an it's getting harder and harder to breakthrough to undecided base voters because there's just such a saturation level of everything and it's so negative. >> woodruff: plus, jeffrey brown looks at where the candidates stand on key foreign policy issues. >> ifill: then, lance armstrong is stripped of his titles and banned from competing for life. ray suarez examines the impact of an athlete's fall from graceo >> woodruff: and we remember a statesman and a proud liberal, presidential candidate and senator george mcgovern. >> your colleague in the press, some of them referring to me as theonscience of the party. tthers talking about me as the peacemaker in the race. and still others as the elder statesman. thas quite a triple crown.t >> ifill: that's all a
romney are back on the campaign trail, but still debating taxes. >> susie: i'm susie gharib. the feds launch one of the largest crackdowns on medicare fraud. $430 million in scams leads to arrests from coast to coast. >> tom: and we'll introduce you to a company hoping to become the mcdonald's for healthy eaters. >> susie: that and more tonight on nbr! >> tom: it was right back to the campaign trail today for president obama and mitt romney. the president went on the attack after what's been perceived as a lackluster debate performance. and the president accused governor romney of not telling americans the truth about what president obama calls romney's $5 trillion tax plan. darren gersh, tonight, looks at what the real impact of the romney tax plan could be on the american economy. >> reporter: here's where the president gets that $5 trillion number he used again today. governor romney's plan to cut tax rates by 20% would add up to about $5 trillion over ten years, assuming no other changes. but governor romney is planning to make other changes by eliminating tax deductions worth abo
, the white house aro the romney campaign offered different assessments. a latboost in consumer spending was a major factor in the economic news from the bocommerce department. gross domestic product-- the broadest gauge of the country'so economic health-- great a 2%% rate from july though september, slightly better than the 1.8% economists had predicted, and an improvement over the 1.3% growth in the previous quarter. another positive si today-- a survey from the university of michigan shows consumer confidence this month reached its highest level since september 2007, three months before the recession began.e but the gdp growth is still considered by economists to be too weak to bring a quick up-tick in jobs. and on the stump in ames, iowa, today, mitt romn seized on thero that aspect of the new report. >> today, we received the latest round of discouraging economi news. last quarter, nor economy grew at just 2%. after the stimulus was passed, the white house promised itom would be growing at 4.3%, over twice as fast. slow economic growth means slow job growth and declining take- home
that is not soh that the things one learns about what people say are completely irrelevant. governor romney has chang his position on just about everything throughout his entire career. and that, i believe, bedevils the fact checkers who hall say, "well, his official position is this, but then he did that.wh so it's hard to know, but you can't really say, this is true because also that's true." if that's the context, if that's what's going on, then i'm not sure what can be learned at all about governor romney because the ances of him saying something different, doing something different once the election comes, based on his behavior during this campaign and while he's been running anr president, are extremely high. >> let me give you an example o what people have learned. people know that governor romney is going to increase spending for the military. and that's a consequential difference. they know that president obama is going to increase taxes, where, where governor romney is not if he's elected presint. that's an important issue distinctiont coming into the last debate, the annenberg survey
candidate, president obama or mitt romney, to change the direction of the depending on who may retire in the next four years. there's no indication that anyone of them wants to retire. but you never know. >> brown: i wonder if that keeps everybody watching these cases even more carefully against that back drop. >> it always does. it will be very interesting the next four years. >> brown: marcia coyle of the national law journal, welcome back. thanks as always. >> my pleasure, jeff. woodruff: still to come on the newshour, our >> woodruff: still to come on the newshour, our campaign update with susan page and stuart rothenberg on the big debate happening wednesday; medicaid, as both sides see it; the middle class and the american dream; and documenting the worldwide oppression of women, with filmakers nicholas kristof and sheryl wudunn. but first, the other news of the day, here's kwame holman. >> holman: a suicide bomber in afghanistan killed at least 14 people today, including three american troops. the attack came as the number of u.s. deaths in the afghan war went above 2000 during
up steam. president obama and mtt romney wasted no timendoday gettingo back out on the campaign trail. with election day now only two weeks awayng the candidates are devoting every waking minute to revving up the base and courting any remaining undecided vayters in a handful of critical swing states. for mr. obama this morning, that met the campaign rally before an enthusiastic crowd in delray beach, florida, not far from the night'stof last face-off. >> you ys really arys fired up. ifill: picking up where he left off last night he fold voters th governor romney is not a reliale choice. >> we'reelccustomed to seeingto politicians change their itsitions from like four years ago. we are not accustomed to seeing politicians change their position from four days ago. i mean,... and we joke about romnesia but you know what? this is is important. this is about trust. there is no more serious issue presidential campaign than t trust. >> ifill: doubling down on that argument vice president joe biden amplified the democrats' message at the university ofie toledo in ohio before meeting up with t
tonight, as he meets mitt romney in round two of their debates, this one a town hall meeting at hofstra university in new york. good evening. i'm gwen ifill. >> woodruff: and i'm judy woodruff. on the newshour tonight, we get some pre-game analysis of tonight's face-off from mark shields and michael gerson. >> ifill: then, new risks from tainted drugs made by the pharmacy linked to the meningitis outbreak. we have an update. >> woodruff: as the candidates spar over what happened in libya, the violence in syria, and the fallout from the arab spring, jeffrey brown talks with zbigniew brzezinski and walter russell mead. >> ifill: paul solman talks with authors donald barlett and james steele. their book blames free trade for the demise of the american middle class. >> do we want a society built on the principle that the only thing that matters is the lowest possible price or a society built on the principle that everyone should have a living wage? >> woodruff: and ray suarez looks at cuba's move to give its citizens the freedom to travel abroad starting in january. that's all ahead on toni
8% for the first time since january 2009. president obama cheered the figures; mitt romney criticized the administration for not creating enough jobs. good evening. i'm judy woodruff. >> brown: and i'm jeffrey brown. on the newshour tonight, what do the numbers tell us about the true state of the labor market? we get an assessment. >> woodruff: then, gwen ifill reports on missouri's senate contest where the democratic incumbent has unexpectedly grabbed the lead. >> this the united states senate. mark shields an david brooks >> brown: mark shields and david brooks analyze the weeks news. >> woodruff: and ray suarez previews another political match to watch, thousands of miles south in venezuela, where long- time leader hugo chavez faces a young challenger. >> the election marks a watershed moment for the world's second largest oil producing nation. and a critical supplier of crude oil to the u.s. its number one customer. >> woodruff: that's all ahead on tonight's newshour. >> major funding for the pbs newshour has been provided by: carnegie corp >> and with the ongoing suppo
and i, governor romney and the president, we have a fundamentally different vision for america. and quite frankly a fundamentally different value set. >> woodruff: democrats had been down after president obama's performance last week, but the vice-president aggressively challenged every point ryan made, prompting this exchange. >> mr. vice president, i know you're under a lot of duress... >> ( laughs ) >> ...to make up for lost ground, but i think people would be better served if we don't keep interrupting each other. >> well, don't take all the four minutes, then. >> woodruff: the president was quick to hail that performance immediately after the debate. >> i thought joe biden was terrific tonight. i could not be prouder of him. i thought he made a very strong case. >> woodruff: republican ryan sounded upbeat about how he'd done at a diner this morning before leaving lexington, kentucky. >> i felt great about it. >> reporter: did you feel knocked around by him? >> no, it's what i expected. >> woodruff: and mitt romney praised his running mate in richmond, virginia. >> there wa
's the value of debat . >> but look at thbaway it plays out. romney y t say, "yes, i do have a deficit plan. go look on my website. it's there. it's true." which puts the burden on the audience. i wish they would go to your website because they won't find out the answer at mitt romney's website. >> but then we come to the , second part of the process that protects. you heard in the debates candidates saying, "that's not true. check the record. check the transcript," and an invitation essentially to go to ffact checkers and journalism. to the extent that this year we've had a lot of fact checkino in national journalism, a lot more than we've hain previous years. and we know now after the first three debates. last time i talked to you it was, it was only a hypothesis, that the people who said they went to the fact checking sites or went to journalism for fact checking on the web, were more likely to accurately be able to portray the candidates' positions and those exchanges in which somebody was alleging deception. romney, his plan largely doesn't add up. obama did not apologize around the wo
. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: president obama and mitt romney spent this day getting ready for their second debate, where questions will come directly from voters. as they did, new polls underscored what's riding on the outcome. from the obama and romney camp came signs of just how high the stakes will be tomorrow night. republican vice presidential candidate paul ryan talked up the coming confrontation as he campaigned in cincinatti. >> these debates are giving us the ability to cut through the clutter and give people a very clear choice. that's what we're offering. ( cheers and applause ) >> woodruff: and president obama issued a new fund-raising appeal saying this race is tied. a new abc news/"washington post" poll of likely voters found the president led 49% to 46%. but that was within the margin of error. and the poll found romney now leads in the level of enthusiasm among his supporters. the president hoped to reverse that trend as he hunkered down in williams burg, virginia, to prepare. on sunday his top advisor david axle rod told fox ne
the subject of libya today, utut he did go after his republican opponent, mitt romney. campaigning in northern virginia, mr. obama said romney seems to be forgetting the more conservative positions he took during primary season. >> i mean he's changing up so much, and backtracking and sidestepping. we've got-- we've got to name this condition that he's going through. i think-- i think it's called-- romnesia. >> sreenivasan: both candidates will spend the weekend preparing for that final debate, monday night in boca raton, florida. wall street had one of its toughest days in months. the market tumbled after microsoft, general electric, and mcdonald's turned in earnings that fell below expectations. the dow jones industrial average lost 205 points to close at 13,343. the nasdaq fell 67 points to close at 3,005. for the week, the dow ekeout a gain of one-touth of 1%; the nasdaq fell more than 1%.th european leaders have taken a new step toward dealing with their long-running debt dilemma. after all-night negotiations inp brussels, they agreed a plan for creating a central nking supervisor should
in the campaign, all eyes are on denver, where president obama and mitt romney are getting set for their first debate tonight. good evening, i'm judy woodruff. >> ifill: and i'm gwen ifill. on the "newshour" tonight, we get some pre-game analysis from mark shields and david brooks. >> woodruff: then, from loose seats to smoky cabins and labor woes, we get the latest on troubles at american airlines. >> ifill: jeffrey brown updates the story of the butler accused of stealing documents from the pope and leaking them to the press. >> woodruff: hari sreenivasan travels to the electorally important swing state of iowa where the polls opened last week. >> a recent des moines register poll found less than 2% of iowa voters were undecided, which means the campaigns could benefit from locking in votes early. >> ifill: margaret warner examines a genetic breakthrough that could allow doctors to diagnose and treat seriously ill infants sooner. >> woodruff: and we close by returning to a conversation with tonight's debate moderator, our own jim lehrer about his book on past presidential debates. that's all
campaign ad accused romney of profiting from a bane capital deal that helped huiwei acquire a company. the romney campaign fired back saying the charge was false and ludicrous. the congressional report has no legal weight but it could discourage u.s. tell come firms from major deals with the chinese. the congressional report was a bipartisan effort. the congressional report was a bipartisan effort, and we hear first on this issue from the ranking member of the house intelligence committee, maryland congressman dutch ruppersberger. congressman, want to fill in some of the details here. did your investigation find specific evidence that these companies have engaged in spying or speen or is it more that they might do something in the future? >> our investigation which started a year ago, a bipartisan investigation, we looked at the connection between these two major companies and we also looked at their connection to the chinese government. i personally met with the chairman of huiwei in hong kong and questioned him and also representatives from z.t.e. we asked them hard questions. they
, with governor romney picking up some momentum. president obama returned to the golden state this weekend. there's high interest in several congressional races in the state. will california tip the scales for the control of the u.s. house? governor brown vetoes few of the more than 1,800 bills on his desk, as he presses for support of proposition 30 on the november ballot. and gas jumped as much as 20 cents overnight, with the spike expected to continue. plus, anti-domestic violence leader estra sola on making all violence an issue of global concern, coming up next. >>> good evening, i'm belva davis and welcome to "this week in northern california." on our news panel tonight, dan walters, political column nis for "the sacramento bee." in studio, we have tom vacar, computer editor for ktvu news and josh richman, regional political reporter for the bay asia news group. and joe garofoli, political reporter for "the san francisco chronicle." joe, you were in denver for the first presidential debate. must have been hard covering it, since there were so many people tweeting that night. tell us what's
captioning sponsored by macneil/lehrer productions >> brown: president obama and mitt romney logged thousands ofa miles today covering states where the election remains a dead heat. good evening, i'm jeffrey brown. >> ifill: and i'm gwen ifill. on the "newshour" tonight, we take you on the road, as the candidates and their running mates blitz the battleground states. >> brown: then, we look at some surprisingly tight conidsts for open senate seats.fo >> ifill: what's not being talked about on the campaign trail? that's the focus of our new series. tonight's missing issue: the housing crisis. >> brown: four long shots for the presidency got their turn to debate last night. kwame holman reports on the faceoff among the third party hopefuls. >> ifill: betty ann bowser tells the story of a sttle medical center cutting costs edd improving patient care by rethinking he services a hospital provides. >> waiting rooms are total waste.he ther is no reason for a waiting room. it's just an embarrassing reminder of how inefficient we are in healthcare delivery.th >> brown: and judy woodruff gets
romney made three stops there, and president obama headed that way tonight after casting his own vote in chicago. good evening. i'm jeffrey brown. >> woodruff: and i'm judy woodruff. on the newshour tonight: we update the barnstorming by both candidates and talk to n.p.r.'s mara liasson about the big money the campaigns are investing in battleground state >> brown: then, speaking of big money, paat solman walks us through those trillions of dollars spent by the u.s. government each year.n >> reporter: what you might not know about the federal deficit. a guided tour in and around washington, d.c. with the "wall street journal's" david wesson. >> woodruff: we have another in our series of topics not being talked about in the campaign. tonight's missinissue is europe's debt crisis. >> brown: an ancient and historic city at risk in a modern-day civil war.is we look at the destruction in aleppo, syria. >> this is one of the great tragedies. aleppo's an extraordinary cross roads of cultures, religions, all built on aro strata of centuries of --t >> woodruff: and ray suarez has the story of
and many people are describing them as mitt romney's last best chance to establish himself as a serious contender worthy of the white house. it's happened before. nedy, ronald reagan, george w. bush, all bounced higher in the polls after credible debate performances and went on to win the white house. whatever the outcome, most agree it's the debates that will give us our best opportunity to evaluate these candidates, sort out their positions and separate truth from fiction. not a moment too soon. according to a new survey from the annenberg public policy center at the university of pennsylvania, with a little over a month to go before election day, the public has a lot to learn about the 2012 presidential race. among its findings, only 51% know the romney-ryan plan would preserve traditional medicare for those 55 and older and retain it as an option for those now younger than that. only about half knew that mitt romney would keep the bush tax cuts in place. fewer than half knew that romney and not obama had promised to increase defense spending. only 23% were aware that payroll taxes h
. but they also managed to break away briefly-- president obama for a visit to the hoover dam, and governor romney out with an aide to buy lunch, a burrito. meanwhile, their running mates made multiple stops in key states. vice president biden told a crowd in charlotte, north carolina that mitt romney would raise taxes on most americans to fund tax cuts for the wealthy. >> how they can justify raising taxes on the middle class has been buried the last four years. how in lord's name can they justify raising their taxes with these tax cuts? look, folks, we've seen this movie before. massive tax cuts for the wealthy. eliminating restrictions on wall street. let the banks write their own rules. we know where it ends. it ends in a catastrophe of the middle class and the great recession of 2008. folks, we cannot go back to that. >> woodruff: the republican national committee and the romney campaign seized on biden's remark about the middle class. they called it a "stunning admission" that the president's policies have been bad for the economy and the middle class. but biden-- at his next stop, in ashevi
debate marks another high-stakes moment in the campaign. the romney-ryan team is hoping to hang on to its new momentum, while the obama-biden camp is trying to win it back. that left all of the pressure on the number two's today, as the hours counted down. the candidates were sounding upbeat, ahead of their face-off at centre college in danville, kentucky. vice president joe biden departed his home state of delaware today for the debate. >> i'm looking forward to it. >> woodruff: the republican vice presidential nominee, wisconsin congressman paul ryan, arrived yesterday. >> feel good about it. >> woodruff: but the public show of confidence belied the tension, as several new national polls show ryan's running mate, governor romney, with a slight lead, though within the margin of error. that made what happens on the stage tonight, even more critical. president obama called his vice president to wish him luck today, and voiced support for his man last night, in an interview on abc news. >> i think joe just needs to be joe. >> woodruff: and mitt romney played up ryan's chances, at a wednesd
relief, with mitt romney in ohio collecting canned foods and bottled water, and the president making a quick afternoon visit to red cross headquarters in washington. >> the most important msage i have for them is that america is is with you. we are standing behind you, and we are going to do everything we can to help you get back on your feet. sa ifill: romney also spoke of the need to help storm victims.e >> i appreciate your generosity. it's part of the american spirit. the american way to give to people who are in need. and your generosity this morning touches my heart. >> ifill: the romney campaign announced he will resume campaigning tomorrow. the president will remain off the trail throughsu wednesday. dn spent most of today at the offering federal support to officials in the affected areas. among them, new jersey's republican governor chris christie, a romney supporter who nevertheless heaped praise on the president. >> i have to say thed administration, the president himself, and people a administrator craig few gate have been outstanding with us so far. we have a great partn
of us were waiting this week for mitt romney and barack obama to connect with reality, to connect with the lives we actually live. it didn't happen. the 90-minute debate went by, for example, without a word about immigration. not a thing said about the countless people trapped in our muddled policy. and this in colorado, a swing state, where both romney and obama have been courting the large hispanic vote. that wouldn't have happened if my guest on this week's broadcast had been moderating the debate, but their participation was rejected by the tiny group of insiders who set the rules. that's a shame because george ram mows and maria elena sorena are two of the most popular journalists. they work for the most important spanish language network in the country, univision. i met them for the first time earlier this week when they were in town to receive the emmy award for lifetime achievement from the national academy of television arts and sciences. here's part of the video presentation that introduced them to the emmy audience. >> they're two of the most well-recognized journalists
a college degree at all. indeed, in tuesday's presidential debate, republican mitt romney pointed to other research that the disparity between jobs and degrees is even worse. >> we have to make sure that we make it easier for kid to afford college and also make sure that when they get out of college, there's a job. with half of college kids graduating this year without a ge-- or excuse me, without a job and without a cgelege- a level job, that's just unacceptable. and likewise, you got more and more debt on your back. so more debt and less jobs. >> woodruff: in fact, student loan debt now outpaces credit card debt in the united states and by some measures, exceeds $1 trillion. in a new "time" magazine poll-- conducted with the carnegie corporation-- 80% of thoseurveyed said mansay colleges are simply not worth the cost. 89% said higher education is in crisis. president obama has responded by touting his expansion of the federal pell grant program, as he did again today in manchester, new hampshire. the granite state has an average of almost $35,000 in student loan debt-- highest in the cou
candidates are targeting suburban voters. >> some of the things romney supports, i don't think are conducive to women's issues and as a business owner, i don't think obama is a good choice. >> ifill: outrage in pakistan, after an outspoken 14-year-old was shot by the taliban for promoting education for girls. >> woodruff: and we examine new evidence that lance armstrong was at the center of a sophisticated professional doping program, including testimony from his former teammates. >> ifill: that's all ahead on tonight's "newshour." major funding for the pbs newshour has been provided by: and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: the supreme court heard arguments today in one of the most closely watched cases of the term. it marked a return to the decades-long legal debate over affirmative action. the scene outside the supreme court building made clear just how anticipated this case has been. for the fi
debates so far has the vastness of this astounding inequality gap been discussed. not by mitt romney. who is the embodiment of the predory world of financial capitalism. and not even by barack obama, whose party once fought for working men and women against the economic loyalists. so just in time, if not too or late, comes this definitive examination of inequality. pollute contracts, the rise of the newglobal supervich and the fall of yaef one else. the author is chrystia freeman, whose journalism is steeped in years of covering robber barons from mexico and india. once deputy editor of the globe and mail in canada and the correspondent for the financial times and the economists she is now the editor of thompson reuters digital. we're joined by matt taibbi who has made the magazine rolling stone a go-to source for understanding the financial scandals in rural america. who c r forget his 2009 article on the great american bubble machine. which describes goldman sachs as a great vampire squid wrapped around the face of humanity relentlessly so jabbing its blood funnel into anything that sme
aboutra that. imagine if barack obama had said, in the debate, this week, you know what governor romney, i think america in the fiftys was a wonderful place. they, too, faced a real budget deficit they had to pay off and the people at the very top were willing to pay a 90% top marginal tax rate. would you be willing to do that governor? imagine if he hadad said that. >> you cover some of the same crowd chrystia isd writing abou but you do with complete irremember advance. do you still gain access to them? or have all the doors breen slammed in your face? >> well, the very, very top people won't talk to me.ve you know, i don't have access to the same people that chrystia may be talking to. but i do talk to a lot of people wall street. in fact, i got started down the road of this whole topic, you know, after i wrote a couple of articles and suddenly there was this outpouring of people from wall street who suddenly wanted to talk to me because they werek upset about the direction that the financial services industry was taking. so i'm hearing a lot from people sort of from the middle on down.
&p; it's up about a point. >> reporter: i'm darren gersh. still ahead, both mitt romney and barack obama want to put more americans back to work. but is job training the right answer? we'll take a look. >> tom: six months before the credit crunch hit full force, j.p. morgan bought failing investment bank bear stearns. that was in 2007. now, j.p. morgan faces a lawsuit, claiming it inherited massive fraud on the part of the company it purchased. the civil lawsuit alleges systemic fraud with the packaging and sale of mortgage- backed securities by bear stearns before it was taken over by j.p. morgan. the bank says it intends to fight the case. eric schneiderman is the attorney general of new york. >> eric, you represent the people of new york state. what did your citizens lose in the deals thaw are accused of being fraudulent? >> new yorkers, like people all over the united states bought shares in mortgage backed securities, pension funds invested in them. people bought homes baseed on what they thought was the realistic value of the housing market. we've learned that the housing bubble, s
. >> susie: you know, tonight obviously in the debate president obama and governor romney will be talking about the job market do. you expect them to give any kind of plan to jolt the labor market and to get that unemployment rate down drastically? >> i think both candidates are likely to be somewhat vague in their discussion of proposals to great jobs. if i were asking the question, i think the one that i with like to hear answered most would be, what are you going to do about the approaching fiscal cliff if we go over the fiscal cliff, if we plunge over the highest bluff along the fiscal cliff, it's very likely the economy will fall into recession and the unemployment rate instead of being 8 at the end of next year will be above 9. so the first thing that any elected official needs to do in 2013 is prevent job losses by doing something about the fiscal cliff. >> susie: are you predicting a recession? >> no, we're not. we do think that in a crisis environment at the 11th hour, some sort of arrangement will be made that will delay the fiscal contraction that's on the books now. so that th
in the debate. governor romney accusing the president that for a doubling of gasoline prices over the last four years president obama defending himself saying it wasn't his fought that there was a recession and a recovery. soho was right here? >> well, really oil prices as a global phenomenon is dependent on what's happening with the world as a whole. so there's a limit to what one country, one government can in terms of oil prices. what we've seen in the united states is oil production in the u.s. is increasing. but due to other factors arou the world and the middle east we're still having higher prices and that's impacting the price of crude. at the moment price of gasoline is below the psychologically important $4 a gallon at the pump in the u.s.. and t as such the price of gasoline as a political issue mht recede inhhe coming weeks. >> susie: actually some people are predicting that by the s election prices at the pump will get down to $3. do you agree with that, and why will it drop so much? i agree the directionally prices will decline and that i think is the key point. i don't know if th
will be trying to beat back the romney bump from the first presidential debate; and paul ryan will be working to stretch mitt romney's debate double into a home run. >> if ryan does really, really well, it could possibly fundamentally make this a real horse race, not just nationally but in the battleground states. so, i think there is a lot of expectation on both sides for what this debate possible could do. >> reporter: if you thought the first presidential debate was bogged down in statistics and policy details, you'll have more fun tonight. debate veterans are expecting fireworks. jeff nesbit was press secretary for former vice-president dan quayle. >> while both of them can go deep on wonky politics-- biden can go pretty deep on foreign policy and ryan can go pretty deep on economic policy-- i don't expect that at all in this debate. vice-presidential debates basically are two attack dogs going at each other to defend and promote the top of the ticket. >> reporter: once again, medicare will likely be the star of the show. many democrats were disappointed president obama didn't take govern
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